A key Ascending Triangle has formed on CNC. Analyze the breakout level now.
Bullish continuation pattern.
Sideways movement between parallel supports.
Consolidation. Can break either way.
CNC is showing interesting structural developments at $63.41. The stock is trading at $63.41, down 0.52% on the day. Price action has carved out a classic Ascending Triangle. Volume is average (0.46x avg) with moderate trend strength (15.5). A potential breakout level is identified at $69.36, targeting $78.82 with support near $62.86 (R:R 1.46).
What is your outlook on CNC?